Fun

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE

News Feed - 2022-01-15 01:01:06

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE


Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin. Dogecoin Now Accepted for Select Tesla Merchandise


Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments for some merchandise. CEO Elon Musk announced early Friday morning on Twitter, “Tesla merch buyable with dogecoin.” He first tweeted in December last year that Tesla will accept DOGE.



Following Musk’s tweet, dogecoin immediately surged about 10% but has since lost most of its gain. The price of the meme crypto is $0.1913 at the time of writing based on data from Bitcoin.com Markets.


Tesla’s shop now has a few items that can only be bought with the meme cryptocurrency. They include a Cybertruck Graffiti Cuffed Beanie that costs 205 DOGE; a Giga Texas Belt Buckle that costs 835 DOGE; a Cyberquad for Kids that costs 12,020 DOGE; and a Cyberwhistle that costs 300 DOGE. An example of merchandise that can only be purchased with dogecoin on the Tesla website. Source: Tesla


Tesla’s website details: Tesla only accepts dogecoin … Non-dogecoin digital assets sent to Tesla will not be returned to the purchaser.


Prior to Tesla activating the dogecoin payment option, some people on social media noticed that the source code on Tesla’s vehicle payment pages contains the word “dogecoin.” However, Tesla has not made an announcement whether dogecoin will be accepted for vehicle purchases.


Bitcoin.com News has verified that the code behind the payment page for a Tesla Model Y contains “dogecoin.” The payment page of a Tesla Model Y with code showing “dogecoin.” Source: Tesla.


Musk, who has been named Time Magazine’s “Person of the Year,” has long been a supporter of dogecoin. He has said several times that DOGE is best for transactions whereas bitcoin is better suited as a store of value.


In October last year, the Tesla boss revealed that lots of people he talked to on the production lines at Tesla or building rockets at Spacex own DOGE. “They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it felt like the people’s crypto,” Musk explained.


Meanwhile, Tesla still has not resumed accepting bitcoin for payments. The electric car company began accepting BTC in March last year but stopped in May citing environmental concerns. Musk later said that Tesla will resume accepting BTC “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.”


Nonetheless, Tesla still holds BTC on its balance sheet worth about $1.26 billion at the end of Q3. While the company does not own any DOGE, Musk previously said that he personally owns dogecoin, bitcoin, and ether. Tags in this story buy with doge, buy with dogecoin, dogecoin merchandise, elon musk doge, elon musk dogecoin, pay with doge, pay with dogecoin, Tesla, Tesla accept dogecoin, Tesla accepts cryptocurrency, tesla accepts doge, tesla doge, tesla doge merchandise, tesla dogecoin, Tesla Elon Musk


Do you think Tesla will soon accept dogecoin payments for all products? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Near Foundation Raises $150 Million to Bolster Web3 Adoption ALTCOINS | 15 hours ago Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year ALTCOINS | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSwiss National Bank Trials CBDC in Transactions With Five Banks Next articleKingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Parliament Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItItalian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG


The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On ... read more.Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed Study Shows Market Share of Altcoins Surged Threefold Since 2014 Colombian Real Estate Platform Allows Users to Acquire Property With Bitcoin The Opendao Gives Xmas Airdrop to Opensea Users

News Feed

Ciaran Lyons2 hours agoTerra Classic community elects to cease USTC mintingThe community strongly backs stopping TerraUSD Classic (USTC) minting and reminting in favor of burning tokens to restore its U.S. dollar peg.108
Cardano Bullish Pattern Suggests A Breakout – Can ADA Reach $0.54?
Este artículo también está disponible en español. Cardano (ADA) is crucial following days of heightened volatility and excitement among crypto investors. While other altc
ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
Ciaran Lyons5 hours agoZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’After its June 20 launch, ZRO surged 15.15% within just 20 minutes before sharply tumbling 22% as people debated whether
South Korea's strict laws on crypto exchanges come into force
Ciaran Lyons52 minutes agoSouth Korea"s strict laws on crypto exchanges come into forceThe new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19.312 Tot
Ethereum Whale Transactions Spike – High Volume Supports Surge To $3,200
Este artículo también está disponible en español. Ethereum has reached a new local high at $3,219, marking an impressive 35% surge since last Monday. This rapid rise has
Binance gets Dubai crypto license following CZ’s departure: Report
Zoltan Vardai57 minutes agoBinance gets Dubai crypto license following CZ’s departure: ReportThe full regulatory license could turn the tides for Binance, which has been under intense regulatory scrutiny for at least t
Mint Bot Allows Telegram Users to Tip People in Chat Rooms With Any SLP Token
Mint Bot Allows Telegram Users to Tip People in Chat Rooms With Any SLP Token A software developer recently launched a new Simple Ledger Protocol (SLP) tipping bot for Telegram c
Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday
Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose
Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue s
Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009
Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address. The
Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
Ciaran Lyons6 hours agoBitcoin miner OTC balances reach 2-year high — Why it’s a bearish signalThe rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.2533
Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days
Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a hi